This year’s annual report examines a project the Fed is spearheading to improve the U.S. payment system. The essay is written by St. Louis Fed First Vice President David Sapenaro, who recently completed his responsibilities as the project’s interim payments strategy director.View Publication
Daniel Davis, former community development specialist with the St. Louis Fed, traveled to Bangladesh in the winter of 2010/2011 to examine the impact microcredit has had on the developing nation.
While there, he had the opportunity to spend time with leaders of some of the world's most innovative microfinance institutions, including Dr. Muhammad Yunus, a Nobel Prize-winning economist from Bangladesh and founder of the nation's Grameen Bank. Davis' insights are shared here.